ONYX PARTNERS LTD ACQUIRES KANE'S FURNITURE, LLC

BOSTON, Nov. 4, 2026 /PRNewswire/ -- Onyx Partners Ltd., a private equity and commercial real estate firm based in Needham, MA, has acquired Kane's Furniture LLC. The acquisition is being completed in two phases: the first phase, comprising 11 properties, closed in October 2026, and the second phase, comprising the remaining seven properties, is scheduled to close in early 2027. The real estate portfolio consists of well-located, large-format retail properties along established commercial corridors in many of Florida's most active markets.

"Kane's has been part of Florida furniture retail for decades, and we're pleased to partner with its ownership on this transaction," said Anton Melchionda, Founding Partner of Onyx Partners Ltd. "These are well-located properties in one of the country's strongest retail markets, and we look forward to positioning them for long-term success."

ABOUT KANE'S FURNITURE

Founded in 1948, Kane's Furniture has served Florida shoppers for more than 75 years, growing from a single showroom in St. Petersburg into a statewide brand with stores across many of Florida's largest markets. Over that time, Kane's became a household name for generations of Florida families and a fixture of the state's home furnishings landscape.

ABOUT ONYX PARTNERS

Onyx Partners, Ltd. is a private equity and commercial real estate and firm based in Needham, Massachusetts, with a national platform in both disciplines. For over 40 years, Onyx's principals have completed similar transactions across the United States, with more than 100 transactions representing over $2 billion in enterprise value. Onyx focuses on acquiring and repositioning underutilized assets and operating business to deliver attractive risk-adjusted returns.

SOURCE Onyx Partners Ltd